Summit Financial LLC bought a new stake in The Mosaic Company (NYSE:MOS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 145,053 shares of the basic materials company's stock, valued at approximately $3,565,000.
Several other institutional investors and hedge funds have also bought and sold shares of MOS. Pacer Advisors Inc. increased its position in Mosaic by 49.0% in the fourth quarter. Pacer Advisors Inc. now owns 73,807 shares of the basic materials company's stock worth $1,814,000 after buying an additional 24,281 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Mosaic by 4.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,368,596 shares of the basic materials company's stock worth $82,800,000 after acquiring an additional 150,186 shares in the last quarter. OLD National Bancorp IN raised its stake in Mosaic by 33.8% during the 4th quarter. OLD National Bancorp IN now owns 291,605 shares of the basic materials company's stock worth $7,168,000 after acquiring an additional 73,653 shares during the period. Swedbank AB lifted its holdings in Mosaic by 9.3% during the fourth quarter. Swedbank AB now owns 1,387,332 shares of the basic materials company's stock valued at $34,101,000 after purchasing an additional 117,838 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Mosaic in the third quarter worth $1,251,000. 77.54% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Mizuho reduced their target price on shares of Mosaic from $29.00 to $28.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd. JPMorgan Chase & Co. raised Mosaic from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $26.00 to $29.00 in a research note on Monday, March 3rd. Morgan Stanley cut their target price on Mosaic from $40.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Monday, January 13th. Oppenheimer upgraded Mosaic from a "market perform" rating to an "outperform" rating and set a $33.00 price target for the company in a research report on Thursday, March 20th. Finally, CIBC began coverage on shares of Mosaic in a research note on Tuesday, December 10th. They issued a "neutral" rating and a $55.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $32.67.
View Our Latest Report on MOS
Mosaic Stock Performance
Shares of Mosaic stock traded down $0.57 on Thursday, reaching $25.91. 7,706,909 shares of the stock were exchanged, compared to its average volume of 4,487,648. The business has a 50 day moving average price of $26.55 and a two-hundred day moving average price of $26.24. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 1.42 and a beta of 1.34. The Mosaic Company has a twelve month low of $22.48 and a twelve month high of $33.44. The company has a quick ratio of 0.49, a current ratio of 1.19 and a debt-to-equity ratio of 0.27.
Mosaic Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 19th. Investors of record on Thursday, June 5th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, June 5th. This represents a $0.88 dividend on an annualized basis and a yield of 3.40%. Mosaic's dividend payout ratio is presently 160.00%.
Mosaic Profile
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Free Report)
The Mosaic Company, through its subsidiaries, produces and markets concentrated phosphate and potash crop nutrients in North America and internationally. The company operates through three segments: Phosphates, Potash, and Mosaic Fertilizantes. It owns and operates mines, which produce concentrated phosphate crop nutrients, such as diammonium phosphate, monoammonium phosphate, and ammoniated phosphate products; and phosphate-based animal feed ingredients primarily under the Biofos and Nexfos brand names, as well as produces a double sulfate of potash magnesia product under K-Mag brand name.
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